On-chain analysis questions the U.S. accusations of "Iranian cryptocurrency assets," with some seized wallets possibly related to actors from other countries

According to Cointelegraph, Nominis analysis indicates that some of the "Iran-related" crypto wallets recently seized and frozen by the U.S. OFAC may not exhibit on-chain behavior characteristics consistent with the past operational patterns of the Islamic Revolutionary Guard Corps (IRGC), suggesting the involvement of other state-level actors.

Previously, the U.S. Treasury stated that over $340 million, totaling nearly $500 million in Iran-related crypto assets, had been frozen in the "Operation Economic Fury." Nominis CEO Snir Levi noted that historically, IRGC-related wallets typically spread funds across multiple addresses, maintain low balances in single wallets, avoid long-term holdings, and employ complex operations to reduce the risk of being frozen; however, the wallets that were seized this time show significant differences in their funding structure and behavior patterns.

He believes this raises a critical question: how much of the frozen $340 million in assets is directly controlled by the IRGC, and how much involves broader infrastructures that may even overlap with financial networks of other countries.

Levi also pointed out that organizations, including the IRGC and potential state-level actors from China, are continuously upgrading their use of blockchain infrastructure, and traditional static risk control labels are no longer sufficient; behavioral analysis and address clustering are becoming increasingly critical.